AHIP CEO Rob O’Neill said: "We intend to capitalise on the ongoing growth in the US hotel industry and continue to utilise the availability of low cost CMBS financing to fund a steady pipeline of accretive acquisitions and provide stable returns and deliver value to AHIP’s unit holders.

"Our hotel manager has carefully planned and implemented a successful transition of all nine properties on the same day. We look forward to the implementation of value enhancement opportunities over the coming quarters."

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